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How to avoid An IPO

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We’re back to our old, weekly cadence. Which is all well and good but after a run of doubling up episodes to keep up with the news cycle, showing up just every seven days nearly feels like vacation. But hey, we’re here for you (you follow us both on Twitter, right?). There was a lot to go over, so please enjoy the following: An IPO update: First up we checked in on...
Tags: TC, Companies, DoorDash, Luckin Coffee, Lyft, Restaurants, Sun Basket, TechCrunch, TransferWise, Uber


LMT Defense Opens The New Facility in Eldridge, Iowa

LMT Defense has announced the opening of their new facility located in Eldridge, Iowa. The construction works of the facility began in 2018. This decision was made to allow the company to expand and fulfill the new orders and contracts, namely, the recent Estonian Defence Forces contract. Here is what the company had to say […] Read More … The post LMT Defense Opens The New Facility in Eldridge, Iowa appeared first on The Firearm Blog.
Tags: Companies, Daily News, Eldridge, Iowa, Lewis Machine & Tool, LMT, LMT Defense, New Facility


Lime’s founding CEO steps down as his co-founder takes control

In an all-hands meeting this afternoon, the scooter and bike-sharing phenom Lime announced co-founder and chief executive officer Toby Sun would transition out of the C-suite to focus on company culture and R&D. Brad Bao, a Lime co-founder and long-time Tencent executive, will assume chief responsibilities, Lime confirmed to TechCrunch. “Lime has experienced unprecedented growth in the global marketplace under the joint leadership of our co-founders Brad Bao and Toby Sun,” the company said in...
Tags: Startups, Transportation, Bain Capital Ventures, Ceo, Chief Operating Officer, Co-founder, Companies, Director, Executive, Fidelity Ventures, Joe Kraus, Lime, President, San Mateo, Tencent, United States


DoorDash, now valued at $12.6B, shoots for the moon

More than five years ago, Sequoia partner Alfred Lin called Tony Xu, the founder of a small on-demand delivery startup called DoorDash, to say he was passing on the company’s seed round. This was, of course, before venture capital funding in food delivery startups had taken off. DoorDash, launched out of Xu’s Stanford graduate school dorm room, wasn’t worth Sequoia’s capital — yet. Today, venture capitalists are valuing the San Francisco-based company at a whopping $12.6 billion with a ...
Tags: Food, TC, Uber, Y Combinator, California, Finance, Stanford, Softbank, Funding, America, San Francisco, Tech, Walmart, Ceo, Companies, Canada


Inside the Controversial Company Helping China Control the Future of the Internet

Dennis Honrud’s family has been farming wheat in eastern Montana for three generations. Unashamedly old school, Honrud sows only half his 6,000 acres, leaving the rest fallow to avoid soil depletion. “There’s not many of us left,” he laments. Like many workers in the global economy, the 68-year-old needs to stay connected, in his case…
Tags: News, Montana, Uncategorized, Companies, Controversial Company Helping China Control, Dennis Honrud


KIMBER SAFETY RECALL – Aegis And KHX Optics Ready Guns/Plates

Kimber Manufacturing has issued a safety recall and warning regarding some optics ready pistols and optics plates manufactured during a specific period in 2018 and 2019. The Kimber Safety Recall covers the Aegis and KHX lines of pistols as well as some optics plates sold separately. Full details on the warning can be found in […] Read More … The post KIMBER SAFETY RECALL – Aegis And KHX Optics Ready Guns/Plates appeared first on The Firearm Blog.
Tags: News, Guns, Companies, Kimber, Kimber Manufacturing, Pistols, Safety Recall, Optics-Ready, Kimber Safety Recall


Nike, Adidas Join Footwear Brands Urging Trump to Drop ‘Catastrophic’ Tariffs on Shoes Made in China

"Your proposal...is asking the American consumer to foot the bill," it said
Tags: News, China, Uncategorized, Companies, Trade, Overnight, Onetime, Nike Adidas Join Footwear Brands Urging Trump


Ikea invests in Livspace, a one-stop platform for interior design based in India

Fresh from raising $70 million last year via big names including Goldman Sachs and TPG Growth, Livspace, an India-based startup that offers a one-stop-shop for interior design, has lured yet another marquee investor: Ikea. The startup said today it has taken an undisclosed investment from Ingka Investments, the VC arm of Ikea parent Ingka Group, which operates 90 percent of Ikea’s retail footprint. Livspace CEO and co-founder Anuj Srivastava declined to provide a figure for the deal, but he told...
Tags: Fundings & Exits, Asia, Finance, India, Funding, Tech, Ceo, Economy, Companies, Ikea, Retail, Goldman Sachs, Retailers, Hyderabad, Livspace, Tpg Capital


LMT Defense Announces Award with Estonian Defence Forces

LMT Defense have confirmed their award of the contract for the Estonian Defence Forces new 5.56×45 and 7.62x51mm rifles. We have been closely following the Estonian rifle trials here at TFB and back in December 2018, we reported that Estonia’s military had chosen two of LMT’s rifles. The contracts have now been signed and production […] Read More … The post LMT Defense Announces Award with Estonian Defence Forces appeared first on The Firearm Blog.
Tags: Guns, Defense, Companies, Press Releases, Estonia, TFB, LMT, Ar-15, Rifles, AR Patterned, LMT MARS-L, LMT Defense, MIL/LE, Estonian Defence Forces, Estonian Defense Force


Trump’s Huawei ban ‘wins’ one trade battle, but the US may lose the networking war

While U.S. government officials celebrate what they must consider to be a win in their battle against the low-cost, high-performance networking vendor Huawei and other Chinese hardware manufacturers, the country is at risk of falling seriously behind in the broader, global competition for telecom tech and customers. It may be a race that the U.S. is willing to concede, but it should be noted that Huawei’s sphere of influence on other shores continues to expand, even as the company’s ability to o...
Tags: TC, Asia, Europe, Technology, Mexico, China, Africa, US, America, Tech, Bloomberg, Banking, Companies, United States, Telecommunications, President


Amazon Renews Efforts to Enter Europe’s Food Sector With a Big Stake in U.K. Meal Courier Deliveroo

The announcement comes just a week after Deliveroo rival Uber Eats listed on the New York Stock Exchange.
Tags: Amazon, Europe, News, Uncategorized, Companies, Deliveroo, Overnight, Onetime


Amazon leads $575M investment in Deliveroo

Amazon is taking a slice of Europe’s food delivery market after the U.S. e-commerce giant led a $575 million investment in Deliveroo . First reported by Sky yesterday, the Series G round was confirmed in from Deliveroo, which confirmed that existing backers including T. Rowe Price, Fidelity Management and Research Company, and Greenoaks also took part. The deal takes Deliveroo to just over $1.5 billion raised to date. The company was valued at over $2 billion following its previous raise ...
Tags: Amazon, Fundings & Exits, Startups, Uber, Europe, London, Australia, France, Germany, Singapore, Funding, Spain, Taiwan, Companies, United States, United Kingdom


Unveiling its latest cohort, Alchemist announces $4 million in funding for its enterprise accelerator

The enterprise software and services focused accelerator, Alchemist has raised $4 million in fresh financing from investors BASF and the Qatar Development Bank, just in time for its latest demo day unveiling 20 new companies. Qatar and BASF join previous investors including the venture firms Mayfield, Khosla Ventures, Foundation Capital, DFJ, and USVP, and corporate investors like Cisco, Siemens and Juniper Networks. While the roster of successes from Alchemist’s fund isn’t as lengthy as Y Co...
Tags: TC, Y Combinator, Technology, Tech, Basf, Cisco, Qatar, Companies, Mit, Designer, Artificial Intelligence, Telecommunications, Computing, Nvidia, Machine Learning, Siemens


GetYourGuide picks up $484M, passes 25M tickets sold through its tourism activity app

As we swing into the summer tourist season, a company poised to capitalise on that has raised a huge round of funding. GetYourGuide — a Berlin startup that has built a popular marketplace for people to discover and book sightseeing tours, tickets for attractions and other experiences around the world — is today announcing that it has picked up $484 million, a Series E round of funding that will catapult its valuation above the $1 billion mark. The funding is a milestone for a couple of reasons. ...
Tags: Apps, Asia, Europe, Instagram, Bali, Entrepreneurship, Germany, Berlin, India, Softbank, Groupon, US, Social Media, Tech, Ceo, Economy


Tencent’s mixed bag for Q1: record profit despite weakest revenue growth yet

Tencent, Asia’s largest tech firm, had a horrific 2018 on account of a country-wide freeze on new game monetization in China, but there’s evidence it has turned the corner. The company’s new mobile gaming hit Game for Peace has yet to kickstart the company’s recovery from a few weakening quarters, but its booming financial technology division has helped to neutralize the brunt to some degree. The Chinese social media and gaming titan ended the first quarter of 2019 with its slowest revenue growt...
Tags: TC, Facebook, Asia, China, Social Media, Tech, Companies, Netflix, Alibaba, Tencent, WeChat, Earnings, Alibaba Group, iQiyi, Baidu, Tencent Video


Trendy luggage brand Away packs on $100M, rolls past $1.4B valuation

Away‘s new lofty valuation proves how far you can get with excellent branding. The direct-to-consumer seller of Instagrammable luggage has collected $100 million in new funding at a $1.4 billion valuation in a round led by Wellington Management, with support from Baillie Gifford, Lone Pine Capital and Global Founders Capital, reports The Wall Street Journal . We’ve reached out to Away for comment. The capital will be used to build additional brick-and-mortar stores, as well as add to Awa...
Tags: Startups, Business, Social Media, Brand, Tech, Companies, Eyewear, Venture Capital, Npr, The Wall Street Journal, Warby Parker, WSJ, Stewart Butterfield, Global Founders Capital, Valuation, Baillie Gifford


Stocks gain back some ground as investors assess the trade war’s impact

Stocks had their best trading day in a while on Tuesday as investors took a break from selling to assess the actual effects of the trade war with China. Both the Dow Jones Industrial Average and the S&P 500 gained back some of their losses with the DJIA climbing 207.06 points to close at 25,532.05 and the S&P hitting 2,834.41, up 0.8%. The Nasdaq Composite Index wrapped its trading day at 7,734.49. Tech stocks like Cisco Systems and Microsoft both rose to lead the way for a sector that cou...
Tags: Apple, TC, Microsoft, China, Tech, Companies, United States, The New York Times, Stock Market, Cisco Systems, China Even Apple


TC Sessions: Mobility announces its July 10 agenda

TechCrunch Sessions is heading to San Jose on July 10 and we’re thrilled to announce our jam-packed agenda, overflowing with some of the biggest names and most exciting startups in the transportation industry. With Early Bird ticket sales ending soon, you’ll want to be sure to grab your tickets after checking out this agenda. Throughout the day, you can expect to hear from and partake in discussions about the future of transportation, the promise and problems of autonomous vehicles, the pote...
Tags: Google, Food, Transportation, Uber, Tech, Ceo, Intel, AV, Nasa, Companies, Artificial Intelligence, Automotive, Ford, Electric Vehicles, Transport, Chrysler


Walmart, Tyson Foods and J.B. Hunt launch a logistics accelerator in Arkansas with Plug and Play

Plug and Play, the accelerator network that works with corporations to invest and advise startup technology companies, is partnering with Walmart, Tyson Foods and J.B. Hunt to set up a logistics-focused program in Northwest Arkansas. Retailers, software vendors and any number of contracting companies have been forced to make the trek to Bentonville, Ark. to prostrate themselves before Walmart’s corporate juggernaut and now it seems some of Silicon Valley’s startup gurus are going to make the ...
Tags: TC, Technology, China, Germany, Singapore, Supply Chain, Chief executive officer, Tech, Walmart, Play, Companies, Arkansas, Machine Learning, Silicon Valley, Retailers, Startup Company


Hailo launches its newest deep learning chip

Hailo, a Tel Aviv-based AI chipmaker, today announced that it is now sampling its Hailo -8 chips, the first of its deep learning processors. The new chip promises up to 26 tera operations per second (TOPS) and the company is now testing it with a number of select customers, mostly in the automotive industry. Hailo first appeared on the radar last year, when it raised a $12.5 million Series A round. At the time, the company was still waiting for the first samples of its chips. Now, the company ...
Tags: Startups, Technology, Tel Aviv, Ceo, Intel, Companies, Artificial Intelligence, Nvidia, Hailo, Neural Networks, Mobileye, Integrated Circuits, AI chips, Javier Xavier AGX, Intel Hailo, Orr Danon


Announcing TechCrunch Sessions: Enterprise this September in San Francisco

Of the many categories in the tech world, none is more ferociously competitive than enterprise. For decades, SAP, Oracle, Adobe, Microsoft, IBM and Salesforce, to name a few of the giants, have battled to deliver the tools businesses want to become more productive and competitive. That market is closing in on $500 billion in sales per year, which explains why hundreds of new enterprise startups launch every year and dozens are acquired by the big incumbents trying to maintain their edge. Las...
Tags: TC, Business, Microsoft, San Francisco, Tech, Companies, Artificial Intelligence, Machine Learning, Ibm, Salesforce, Github, Oracle, Sap, Red Hat, Startup Company, Marketo


India’s Locus raises $22 million to expand its logistics management business

Locus, an Indian startup that uses AI to help businesses map out their logistics, has raised $22 million in Series B funding to expand its operations in international markets. The financing round for the four-year-old startup was led by Falcon Edge Capital and Tiger Global Management . Existing investors Exfinity Venture Partners and Blume Ventures also participated in the round. The startup has raised $29 million to date, Nishith Rastogi, co-founder and CEO of Locus, told TechCrunch ...
Tags: Startups, Ecommerce, Asia, Enterprise, Entrepreneurship, Finance, India, Funding, Tech, Economy, Companies, Artificial Intelligence, Venture Capital, Private Equity, Logistics, Flipkart


Apple CEO Tim Cook talks WWDC student program, coding initiatives and SAP

For the past few years, Apple has been inviting student developers to attend its WWDC conference, which centers on development topics and software. A few students from this year’s batch are getting some more personal attention from Apple as it tries to raise awareness of the program and coding literacy via its Swift Playgrounds and other resources for students and teachers. Most of those students, though, won’t get a surprise personal visit from CEO Tim Cook, which is what happened this we...
Tags: Iphone, Apple, Ios, Ipad, TC, Florida, Technology, Cook, Tech, Ceo, Smartphone, Companies, Software, Itunes, Arkansas, Tim Cook


Printify raises $3M to expand its marketplace for custom printing

In Riga, Latvia, an 80-person startup called Printify is reimagining the on-demand printing business. Gone are the days where small merchants have to sell their customized products on platforms like Zazzle, Society6, CafePress, or Teespring . Using Printify, e-commerce business owners can create clothes, accessories and more fixed with their designs, logos, art or photos, then sell them directly on their very own online stores. The “first wave” of on-demand printing companies, Printify f...
Tags: Google, Startups, Facebook, Ecommerce, Publishing, Marketing, Companies, Venture Capital, Airbnb, Teespring, Zazzle, Twitch, Pricing, Khosla Ventures, TechCrunch, Online Stores


Walking Around LAAD 2019 With a Camera

When one walks around any large gun/defense/security exhibition, the variety of weaponry on display usually causes a mind-boggling effect, particularly when a camera is being carried by the person mentioned. You turn away from a particular stand or booth and have a glimpse of a gun-covered panel just past a massive APC (Armored Personnel Carrier) […] Read More … The post Walking Around LAAD 2019 With a Camera appeared first on The Firearm Blog.
Tags: Guns, Companies, Brazil, Editorial, Pistols, Rifles, Guns & Gear, APC Armored Personnel Carrier, LAAD 2019, Arms Exhibition


Media VC theses, SEO keywords, cosmology, and brand design

Where top VCs are investing in Media, Entertainment & Gaming Our media columnist Eric Peckham (who is hard at work on the Unity EC-1, which we will start to publish here shortly) pinged his network of media investors to figure out what the media VC world is up to in mid-2019: Here are the media investment theses of: Cyan Banister (Founders Fund), Alex Taussig (Lightspeed), Matt Hartman (betaworks), Stephanie Zhan (Sequoia), Jordan Fudge (Sinai), Christian Dorffer (Sweet Capital), Charles Hudson...
Tags: Uber, Finance, Softbank, Social Media, Tech, Companies, BetaWorks, Eva, Founders Fund, Coffee Meets Bagel, Eric, SoftBank Group, Eric Hippeau, Matt Hartman, SoftBank Vision Fund, Eric Peckham


Luckin Coffee plans to raise over $500M in US IPO

Luckin Coffee, the ambitious Chinese upstart that’s going after Starbucks, could raise nearly $600 million from its upcoming IPO. That’s according to a price range released by the Chinese startup. , Luckin said it plans to sell 30 million shares at an initial range of $15-$17. That gives an estimated raise of $450 million to $510 million, but it could be bumped up if underwriters take up the additional allocation of 4.5 million shares. So, as a grand total, the listing could raise $586.5 mil...
Tags: Asia, New York, China, Restaurants, US, Tech, Ceo, Companies, United States, Food And Drink, Starbucks, Kevin Johnson, Cnbc, Initial Public Offering, Blackrock, Luckin Coffee


Once a major name in smartphones, LG Mobile is now irrelevant — and still losing money

LG was once a stalwart of the smartphone industry — remember its collaboration with Facebook back in the day? — but today the company is swiftly descending into irrelevance. The latest proof is LG’s Q1 financials, released this week, which show that its mobile division grossed just KRW 1.51 trillion ($1.34 billion) in sales for the quarter. That’s down 30 percent year-on-year and the lowest income for LG Mobile for at least the last eight years. We searched back eight years to Q1 2011 — be...
Tags: Motorola, Facebook, Asia, Technology, Tech, Smartphone, Smartphones, Companies, Lg, G7, LG Electronics, KRW, Kwon, LG Mobile, Brian Kwon


CZ-USA Announces Building of Headquarters & Production Facilities in Little Rock, Arkansas

CZ-USA have announced that they will be investing $90 million to establish their new headquarters and manufacturing base at Little Rock, Arkansas. The two-phase, $90 million project hopes to create 565 jobs over the next six years. Construction at the new site will begin in March 2020. Here’s CZ-USA’s statement on the move to Little Rock: CZ-USA, the […] Read More … The post CZ-USA Announces Building of Headquarters & Production Facilities in Little Rock, Arkansas appeared first on The Firearm ...
Tags: Usa, Guns, Companies, Arkansas, Press Releases, Little Rock, Little Rock Arkansas, CZ, CZ-USA, CZ USA Announces Building of Headquarters


Samsung Ventures’ first investment in Southeast Asia is HR startup Swingvy

Samsung Ventures, the VC arm of the Korean electronics giant, has made its first investment in Southeast Asia after it backed HR startup Swingvy. Singapore-based Swingy’s service provides HR services, payroll and insurance for SMEs on a freemium basis. The company announced this week that it raised $7 million that was led by the Samsung arm with participation from Aviva Ventures — from insurance firm Aviva — and Bass Investment. Existing investors Walden International and Big Basin Capi...
Tags: Fundings & Exits, Asia, Japan, Indonesia, Southeast Asia, Singapore, Funding, Samsung, Insurance, Tech, Taiwan, Companies, Thailand, Malaysia, Vietnam, Aviva